Stratham sales up during spring real estate season

STRATHAM — Home and condominium sales recorded gains of 8.2 and 2.6 percent respectively in a season-to-season comparison of this spring over last spring.

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By Paul Briand

seacoastonline.com

By Paul Briand

Posted Jun. 15, 2014 at 2:00 AM

By Paul Briand

Posted Jun. 15, 2014 at 2:00 AM

» Social News

STRATHAM — Home and condominium sales recorded gains of 8.2 and 2.6 percent respectively in a season-to-season comparison of this spring over last spring.

Single-family home volume totaled $9.6 million on 24 sales, according to the transaction data filed with the Rockingham County Register of Deeds during March, April and May.

That compares with $7.5 million during the spring of 2013 and $6.9 million recorded during the winter months of December 2013 and January and February 2014. One home in Stratham on Raeder Drive sold for $1.1 million in May.

According to the data, 20 residential condos in town sold for $5.5 million, up from the $5.1 million last spring and the $1.7 million during the winter.

In neighboring Exeter, total residential real estate sales were down by 3 percent in the spring vs. spring comparison.

Condo sales gained 8.3 percent this spring over last spring, but home sales dropped 6.7 percent. The data for Exeter shows 33 homes sold for a total of $9.8 million compared to $10.5 million last spring and $8.6 million from the winter period. Twenty-three condo sales in town totaled $3.8 million — up from the $3.5 million last spring but down from the $5.8 million during the winter.

The average price of a house that sold in Stratham during the spring was $406,346, up from last spring ($375,455) and down from the winter ($431,356). A condo's average price was $277,370. In Exeter, the average price of a house was $298,112 compared to last spring when it was $329,419 and the winter when it was $307,464. The average price of a condo was $163,670.

Portsmouth, Newington, Hampton, Hampton Falls, North Hampton, Exeter and Stratham as a whole saw $68.9 million in total sales during the spring, a 4.9 percent drop from the previous spring. Each community showed certain strengths and weaknesses relative to home and condo sales during the most current period. Only Stratham and Hampton recorded gains in both home and condo sales volume in the season-to-season comparison. The average price of a house in the region for the period was $512,549 while the average price of a condo was $279,774, both showing increases from a year ago.